Saturday, March 17, 2012

HESS SELLING OUT?

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23 comments:

Anonymous said...

What about a little bit of effort in producing a more meaningful report with (a) the contribution to the economy and the potential loss; (b) the number of local employees impacted at various levels in the firm if the next step could be the cessation of operations or the shuttering down for a number of months or even years. That which was produced was an exercise in poor journalism. No stars!

chichi said...

The third para, should be "Stating". The writer depends too much on spell checker.

Anonymous said...

With the price of gas going through the roof, one would have thought that Hess would be more than willing to make additional investments in that sector.

But then again, Hess got rid of a profitable New York Jets football team. Go figure.

Anonymous said...

World wide, Hess is broke. End of story. This is just one more hole for Kenny to block.

Better Days Are Coming!

Anonymous said...

Environmentally speaking, I don't think that this is the best or optimal use of the real estate in that part of the country. A free trade zone area would be serve our interest better.

A national comprehensive land use policy study is probably one of the best and last contributions Mr. Pierre can make under his watch.

Betta Dazs Ahed said...

if st croix refinery will be closed and staff made redundant... the same thing might likely happen to st lucia.. agreement or no agreement.. there are always new found oil sources out there and hess has seen the potential in that regard..follow the money - as the saying goes, or follow the black gold as it is now.. whenever they say things are alright its never ok..

Anonymous said...

A bit of an arse backwards bit of reporting.

The report says the facility is not shutting down but then goes on to say that the employees will be treated fairly. I assume if it has to shut down?

They are looking for a buyer but what if they cannot find one?
They will have to shut down and the owners seem to be preparing for that possibility.

so please stop using subjective reporting and saying it is news.

Hess is getting out of this area of the business, is looking for a buyer willing to pay millions to keep the facility operational and if not -they will shut down. Simple.

Anonymous said...

Don't worry, Lorne Theophilus to the rescue...

Choops, tourist arrivals are down too! What a bunch of idiots we have in charge.

Goodbye tourists! Goodbye jobs!

Anonymous said...

HESS is now a very small fish in the big oil pond.

Anonymous said...

Blogger@8:53AM, the Free Trade Zone is a very good idea. The Taiwanese could support it too, as well as use it to promote their exports throughout the West, especially to Central, South America, and the entire Caribbean -a win-win for all sides.
But is our PM bright enough to see and seize this opportunity?

Anonymous said...

An "elevated" international airport in that region would greatly enhance our tourisism product.
Just a few minutes outside of our capital like most international airports around the world would better serve our interest than putting it in the hands of the Taiwanese to increase their trade.

Anonymous said...

@4:28AM: Now you want THREE airports for St Lucia - for tourist? Do you know what a NEW airport cost??

Anonymous said...

Wow Hess has finally come to their senses and realize that their investment in buffoon land is not worth it. Way to go…unemployment 28%….

Anonymous said...

More problems for Kenny. Was he the same one who was behaving silly when King thought he had an agreement with Hess. How sad to see that it is under his watch, Hess as decided to peg out!!!


Go Kenny Go! Better Days Are Here.

Anonymous said...

Hess used St Lucia - their payments to St Lucia were much too cheap. There needs to be an international tribunal set up immediately to protect the world's smallest islands and nations from being continually exploited by crooked rich investors and hugh corporations.

Anonymous said...

For 30 something years we enjoyed the ride. Loads of people lived and build their homes off Hess. Now you calling for tribunal????

Choops!!!

Anonymous said...

Not to get off the HESS Oil story. But I must give Mr. Better Days Are Coming a spanking he well deserves!

When Iran Burns of Red Jet held his press conference announcing service between Barbados and Hewanorra last December most of us in the aviation industry knew this was too good to be true. It was only a matter of time b4 Red Jet was going to become a “now you see it, now you don’t “type of airline.

One does not need to be a rocket scientist to figure out the MD-80 is not fuel efficient compared to the A320 or newer 737 models; it burns 1,050 gallons of jet fuel per hour on a typical flight, while the larger Boeing 737-800 burns only 850 gallons per hour (19% reduction.

It was laughable to think Mr. Burns would flight plan his old ex-American Airlines MD.80’s with 133-155 seat configuration for the Barbados to Hewanorra round robin run twice weekly and turn a hefty profit operating at less than 75% load factor.

This was a waste of time and paper work by tourism and transportation departments to accommodate Iran Burns scam hoping he would be subsidies by tax payer’s money for flying a near empty aircraft into St. Lucia.
Mr. Better Days, you guys were told such an operation was not economically viable, now you have the proof!

Betta Dazs Ahed said...

b4 i respond to "ANON -2:41PM " let me highlight a few other blogs above.. barbados recently said they are interested in setting up a freezone of their own.. dont we have a freezone near hewannorra airport the chinese built costing $11million..

2ND- turning hess oil cul de sac base into an INTL airport is ridiculous.. 2 reasons- one is petrocaribe deal had plans to incorporate hess facilities into a capacity holding fuelzone.. & there are plans to build a harbour container zone there..as well

Now to the issues of redjet for one thing this airline has suspended flights for a short period and in airline jargon thats a long time really.. redjet was hoping to get tax payer assistance and if they do just as LIAT/CAL are getting redjet would still be flying but these are tuff times and redjet should have had those numbers in its portfolio to weather the storm.. anyway LIAT is the thorn in the flesh its not allowing breathing space for fresher airlines with better service overall. we need a new module of air transport to move around viably without gov support.. redjet at least tried to be viable without any assistance whatsoever CUDOES TO THEM..

Anonymous said...

"Now you want THREE airports for St Lucia - for tourist? Do you know what a NEW airport cost??
----------------------
No you idiot; we don't need 3 airports. The other 2 could be closed; extending the city of Castries to the Vigie area.
The same money we are about to throw away on renovations at Vieux Fort could be used for a new international airport closer to town.

Anonymous said...

Last blogger, as you are so knowledgeable about building airports, why don't you address the previous writer's original question: "Do you know how much a new international airport really costs to build from scratch? - 50cents, perhaps?" Go ahead, try answering the question.

Fannygal said...

The person who believes that it is better to close down the 2 existing airports and have one in Cul de Sac needs to have their head examined. First you are asking for government to cut jobs in these areas because not all of these people in be used in your one airport. So in these tough times u are asking that some people down south do not need their job and it is better utilized up north.
why don't u think of something new that can be used in that spot. something that wont have people losing their jobs

Betta Dazs Ahed said...

I LIKE WHAT "FANNYGAL" says she sounds like she has a PHD on her belt a true intellectual.. keep it up fannygal..

many ppl in the north believes all infastructure development should be in the north and the hell with the south .. its just one small island and we need development in all quarters so places like gros islet wont have to be overpopulated with traffic jams increasing making it harder to de-centralize key components in finance,public service,sporting facilities,shopping centres etc.. the south is devoid of modern infastructure.. i would love to know that there are several things that can only be enjoyed in the south/east/west coast that castries ppl will have no choice but to travel there to access them...

FOR EXAMPLE.. an intl modern AIRPORT, ZOO [in soufriere], DRAG RACING, HORSE RACE TRACK, DRIVE IN CINEMA, MALLs, etc.....

Anonymous said...

It is hilarious how little people, especially St. Lucians, know about this situation and the oil business in general. Hess is moving in the direction all Oil Giants are because they are becoming one. For the guy who commented Hess has no money obviously does not have a clue because Hess has more money than ever. Now they want to spend a lot of money to make even more money and selling St. Lucia will help pay for that. They are getting rid of their terminals and refineries because the market right now is weak. Quit being naive. They are doing exactly what Exxon Mobil and all the big oil players did a long time ago. You make a lot more money pulling the oil out of the ground and selling it to someone else then to turn it into refined products or to hold on to it for someone else. At the end of the day Hess is running a business. They aren't in the business to lose money. Mr. Hess did a lot for that island and Hess will make sure everyone is taken care of just like they did in St. Croix. This article was poorly written and obviously based on rumor and poor information. Honestly whoever buys will do more help to the economy than harm because they will make large investments to expand, provide more jobs, and bring more revenue in for the government. Knowledge is power so my message to everyone is read and learn something before making stupid comments.